Looking to diversify beyond ESEIX? The mutual funds below have historically moved differently from ESEIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESEIX
16 mutual funds have low correlation with ESEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Global Macro Absolute Return Fund (EIGMX) (Nontraditional Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Fund | 0.04 | 0.12 | 0.06 | 99 | Nontraditional Bonds | ESEIX vs EIGMX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.07 | 0.15 | 0.08 | 98 | Nontraditional Bonds | ESEIX vs EGRIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.17 | 0.21 | 0.26 | 98 | Emerging Markets Bonds | ESEIX vs EELDX | |
| Fidelity OTC K6 Portfolio | 0.18 | 0.44 | 0.62 | 66 | Large Cap Growth Equities | ESEIX vs FOKFX | |
| Fidelity OTC Portfolio | 0.19 | 0.44 | 0.62 | 76 | Large Cap Growth Equities | ESEIX vs FOCPX |
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